[jonnydubowsky]

This author does a great job of explaining the nuanced monetary policies that blockchain ecosystems require in order be resilient in delivering value to their stakeholders. As blockchain platforms can act as voluntary p2p value exchanges, is it really correct to consider it a tax?

Capturing enough value to stay in business is one of multiple functions treasuries can provide within these ecosystems. Another function of treasuries is to support additional monetary policy, like maintaining a deep order book and supporting some liquidity cushion to prevent manipulation of the price. When these features are explicitly known by people who choose to use the platforms, is it still a tax?